if congress failed to act, the economy would shrink by 0.5 of 1% and send the unemployment rate soaring to 9.1%. it is something both sides hope to avoid but has not figured out how. >> raising taxes is unacceptable. it could not even pass the house. i'm not sure will pass the senate. >> state agencies are given two weeks to work on their plan to trim 4% and that is plenty of time. >> the problem is not so much how much money they have but how they manage it. >> hockessin 10 delhomme -- of this impending cliff, president obama plans to address americans. >> their lines forming for those who want to take his job. and dancing that you make s second attempt to become governor of virginia. he was known for running president clinton's campaign. he ran for governor in 2000 and at last to -- but lost. >> tonight, the man responsible for shooting former congresswoman gabrielle giffords is facing seven life sentences in a federal courtroom. jared loughner as giffords and her husband nmark kelly were in the courtroom. he read a statement. kelly spoke to diane sawyer. >> what did you see as you sc